Live Nation Entertainment Inc (NYSE:LYV) currently has a daily average trading volume of 2.04M but it saw 875182 shares traded in last market. With a market cap of 22.10B USD, the company’s current market price of $95.96 came falling about -0.53 while comparing to the previous closing price of $96.47. In past 52 weeks, the stock remained buoying in the range of price level as high as $107.24 and as low as $76.48. In the recent trading on the day, stock has struck highest price mark of $95.8 while lowest mark touched by it was $97.015.
Taking a look at 20-day trading activity of Live Nation Entertainment Inc (LYV) gives us an average price of $93.43, while its current price level is -10.52% below from 52-week high level whereas it is 25.47% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $93.50 while that of 200 days or SMA-200 reads an average of $93.32. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.37% during that period while stretching the period over a month that increases to 2.39%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 57.07 which implies that the stock is in neutral territory.
Redburn Atlantic upgraded its recommendation for the stock as a “Buy” from “Neutral” on May 09, 2024 while assigning a price target range of $114-$115. Deutsche Bank issued its recommendations for the stock as it initiated the price target for the stock is $120.
Over the week, LYV’s stock price is moving 1.62% up while it is 3.55% when we observe its performance for the past one month. Year-to-date it is 2.52% up and over the past year, the stock is showing an upside performance of 13.90%.
Currently, Live Nation Entertainment Inc’s total number of outstanding shares is 233.30M with 32.40% of that held by the insiders while 75.30% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 3.83% and return on equity (ROE) at 474.88%. It has a price to earnings ratio (P/E ratio) of 91.74 while having a 38.79 of forward P/E ratio. Stock’s beta reads 1.34. Stock has a price to sale or P/S ratio amounts to 0.93. Its return on asset (ROA) is 1.27% on average.
